Eric Balchunas
👤 SpeakerAppearances Over Time
Podcast Appearances
The advisors don't live here.
Yeah.
They don't want that level of active.
You're right.
Okay.
You know who buys this shit?
You know who buys this shit?
People that really do want something that deviates from the market because they're not baking it into a back test for a financial plan.
Yes, that's what I'm trying to say.
100%.
So your message is, this is really important.
Your message is, if you're going to launch an active ETF, be very active.
And then you don't have to explain why it's priced where it's priced.
That's why half the launches are wild and crazy.
2X SK Hynix is the biggest ETF in the country?
Fourth biggest.
But can I ask you an obvious question?
Can't that dollar amount in that fund get cut in half in one day?
Yeah, if there's a 50% drawdown.
Okay.